FCA publishes guidance consultation for firms who seek to limit their liabilities

Regulatory Updates | 26/01/22

The FCA has published new guidance after it has seen an increase in the number of firms developing proposals, such as Scheme of Arrangements, to deal with significant liabilities to consumers, in particular redress liabilities.

In its proposed guidance, the FCA has made it clear to firms seeking to limit their liabilities that they should provide the best possible outcome for customers, which will include providing the maximum amount of funding possible to meet compensation claims by customers.

Source: FCA